Skip to main content

About your Search

20121101
20121130
Search Results 0 to 6 of about 7
: wall street is hardly back to normal, with reminders of hurricane sandy still obvious everywhere. but, at least the presidential election could provide a distraction for the coping with the storm's aftermath. the question is will the stock market continue to distract in the days following tomorrow'sng big contest? that may depend on its outcome. like many on wall street, nyse trader jonathan corpina predicts a mitt romney win will ba biga win for stock prices. >> i think when you see new regimes, new presidents come in to play isort of a turmoil time, that change is always viewed as good and the market views that as good news. >> reporter: on the other hand, corpina doesn't think the re- election of president obama will trigger a selloff.so more likely he would expect to see status quo for stocks. >> i think people have bought intohe fact that the market is going to take a long time to recover, our economy is going to take a long time to recover and the market has seemed to stay on the track so to speak.in >> reporter: of course there is also the possibility however remote, that it mi
economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks to have enough financial firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this year after it lost $6 billion when a derivative t
generic drugs, which come with higher margins. the company said hurricane sandy will hit fourth quarter earnings by about penny per share. p four of the five most tively traded e.t.f.s were higher, but the ipath s&p 500 exchangeos traded note was the weakest, down 3.5%. and that's tonight's "market focus." >> susie: in the storm-ravaged states of new york and new jersey, officials made sure everyone today would be able to vote. authorities let residents uprooted by hurricane sandy vote at any polling center in their states. in new jersey, some citizens were even allowed to cast ballots by email. as suzanne pratt reports, sandy's chaos didn't stop voters from getting to the polls. >> reporter: parsippany, new jersey, was hit hard by hurricane sandy. many homes still have no power, d many gas stations are still dry.y nevereless, residents made it vheir business to vote today, even though their polling site had to be moved at the last minute to a new location. >> reporter: in manhattan, only a handful of voting centers had to be changed because of the storm's aftermath. this site downtown
results don't even include the sales lift from superstorm sandy. home depot also raised its profit outlook for the year. if housing continues to improve, experts say it's a bullish sign for the rest of the economy. >> now, as we start to see residential investment recovery, that should help other sectors of the economy through demand for building materials, through more demand for other products-- furniture, you name it! >> reporter: she's optimistic housing will remain one of the few bright spots in an otherwise sluggish recovery. erika miller, "n.b.r.," new york. >> susie: it was an unhappy earnings story in the third quarter for saks. the upscale department store said sales and profits were hurt by a modest spike in promotions. on top of that, saks expects sales to be flat in the current holiday period because of a slow start to november due to hurricane sandy. noow, trouble at saks underscores new worries spreading throughout the luxury sector about the all important holiday season. suzanne pratt reports. >> reporter: on manhattan's 5th avenue, it's beginning to look a lot like christm
slid 0.3% in october, more than expected, and the first decline in three months. hurricane sandy was behind at least some of the sales decline. but there are fresh worries today about the underlying strength of the american consumer. suzanne pratt reports. >> reporter: hurricane sandy is going to get blamed a lot in the coming weeks for soft economic data. and, rightfully so. after all the superstorm paralyzed a good chunk of the northeast for at least a week. that meant, no shopping, no eating out, and no filling up the tank. >> clearly, the retail sales data were weak and they were weak across a lot of categories. the commerce dept did talk about the affects on hurricane sandy on the numbers. but, it's hard to quantify. >> reporter: the question is whether that consumer paralysis will continue into the all important holiday retail season. many economists say that really depends on whether americans feel secure in the their jobs. here's the good news: there has recently been some improvement on the labor front. on top of that, many shoppers are finding their wallets are thicker
from super storm sandy, a nor'easter is pummeling the region tonight, bringing with it powerful rains, wind and sleet. already today, 22,000 homes and businesses have lost power between the carolinas and new york. that's on top of the 650,000 people still without power from sandy last week. today's storm has also forced the cancellation of nearly 1,500 flights in the northeast, with newark airport in new jersey facing the most cancellations. >> susie: boeing showed today how it's preparing for the so- called "fiscal cliff": it's restructuring its defense business, big time. as the pentagon's largest supplier, boeing said it is slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in
and other supplies thanks to super-storm sandy in the northeast. shares jumped to a new 52 week high. volume more than doubled with the stock up 6.2%. one tax set to go up in january is the tax on stock dividends. wal-mart today had an early gift for its shareholders. it moved up the payment of its fourth quarter dividend. walmart will pay out $39.75 per share on december 27. it had been scheduled to go out january second. under current law the tax on common dividends could go from 15% to as high as 43% for some shareholders. shares were up 1.5% on heavier than usual volume. j.p. morgan gained 2.8% before announcing a new chief financial officer late today. marianne lake currently is the chief financial officer at the bank's consumer business. the management shake-up comes after the bank's $6 billion derivatives trading loss this spring. just ahead of thanksgiving, the country's biggest meat producer tyson foods saw the impact of this summer's midwestern drought. dry conditions led to higher animal feed costs, leading to less meat supply, helping tyson raise prices. bottom line for the quart
Search Results 0 to 6 of about 7